How to Win a Bidding War?
In the end, coming out on top largely depends on the highest offer. But one Realtor also calls the seller’s agent to see what the seller considers most important.
HUD to Bring Back Stronger Discrimination Rules
HUD wants to restore a 2013 rule that focused on “disparate impact,” which is an analysis of a practice’s outcome even if the practice itself isn’t discriminatory.
Scam Warning: Local Association Member Doesn’t Have Sick Son
An existing Realtor scam asks members to help pay for a sick son’s surgery, but it now appears as if the request for help was sent by your local association.
HUD Focuses on Housing Protections for ‘Returning Citizens’
HUD Secretary Fudge wrote a letter making it clear that ex-prisoners qualify for emergency vouchers – and to avoid “overbroad denial … on the basis of criminal records.”
Mortgage Rates Hit 10-Week High – Rise Above 3%
The average rate for a 30-year, fixed-rate mortgage rose from last week’s 2.93% to 3.02% in one week, likely due to a surging economy and elevated inflation.
Eviction and Foreclosure Moratoriums Extended to July 31
The CDC extended the federal eviction moratorium for another month, from June 30 to July 31, further frustrating landlords. However, CDC also said it’s likely that this new deadline will be the last one. FHFA also announced that its foreclosure moratorium was extended to July 31.
Marketing Your Community? One Fla. Town Created TV Series
When a show takes place in a real town, viewers often want to visit and sightsee oft-used spots – so St. Petersburg-Clearwater created their own Amazon TV show.
Fed Chair Testifies Before Congress, Calls Inflation Temporary
Is the current inflation rate temporary or long-term? The answer has political overtones, but in testimony before Congress, Fed Chair Powell kept his “temporary” stance.
New-Home Sales Drop 5.9% as Builders Wait for Supplies
May new-home sales dropped to the lowest pace in a year, with prices up 18%. Part of the reason: 20% of builders limited sales activity to manage supply chain problems.
Survey: 7 of 10 Americans Say ‘Affordable Housing’ a Top Concern
Mortgage insurers’ 2021 survey finds 69% say affordable housing is a top concern, and 57% said the low housing supply. This year’s survey also looked specifically at race and found that Black (74%) and Hispanic (65%) respondents included an inability to save for a down payment.